Financial Performance - Revenue for the quarter ended June 2024 was $51.05 million, a year-over-year decline of 3.9% [1] - EPS for the quarter was $0.28, compared to $0.15 a year ago [1] - Revenue surprise of +1.99% over the Zacks Consensus Estimate of $50.05 million [1] - EPS surprise of +12.00% compared to the consensus estimate of $0.25 [1] Key Metrics - Operating Revenue- Commercial Real Estate: $49.21 million, slightly above the estimate of $49.04 million, representing a -0.6% year-over-year change [2] - Operating Revenue- Land Operations: $1.84 million, significantly higher than the estimate of $1 million [2] - Diluted earnings per share: $0.13, in line with the estimate of $0.13 [2] - Operating Profit (Loss)- Commercial Real Estate: $22.61 million, below the estimate of $27.01 million [2] Stock Performance - Shares of Alexander & Baldwin Holdings have returned +11% over the past month, outperforming the Zacks S&P 500 composite's -0.3% change [2] - The stock currently has a Zacks Rank 5 (Strong Sell), indicating potential underperformance in the near term [2]

Alexander & Baldwin Holdings, Inc. (ALEX) came out with quarterly funds from operations (FFO) of $0.28 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to FFO of $0.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 12%. A quarter ago, it was expected that this company would post FFO of $0.25 per share when it actually produced FFO of $0.35, delivering a surprise of 40%.Over the last four quarters, ...

Alexander & Baldwin, Inc. Reports Second Quarter 2024 Results HONOLULU, (July 25, 2024) /PRNewswire/—Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'ibased owner, operator and developer of high-quality commercial real estate in Hawai'i, today announced net income available to A&B common shareholders of $9.1 million, or $0.13 per diluted share, and Commercial Real Estate ("CRE") operating profit of $22.6 million for the second quarter of 2024. Q2 2024 Highlights • Funds From Operations ( ...

HONOLULU, July 25, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator and developer of high-quality commercial real estate in Hawai'i, today announced net income available to A&B common shareholders of $9.1 million, or $0.13 per diluted share, and Commercial Real Estate ("CRE") operating profit of $22.6 million for the second quarter of 2024.Q2 2024 HighlightsFunds From Operations ("FFO") of $20.6 million, or $0.28 per diluted share / Adjusted F ...

HONOLULU, July 24, 2024 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator and developer of high-quality commercial real estate in Hawai'i, approved a third quarter 2024 dividend of $0.2225 (twenty-two and ¼ cents) per share. The dividend is payable on October 7, 2024, to shareholders of record as of the close of business on September 20, 2024.ABOUT ALEXANDER & BALDWINAlexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only ...

HONOLULU, July 9, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator and developer of high-quality commercial real estate in Hawai'i, will report results for the second quarter 2024, after the market closes, on Thursday, July 25, 2024. In connection with this announcement, A&B will host a conference call and webcast on Thursday, July 25, 2024, at 5:00 p.m. ET.The call and webcast will feature a discussion on second quarter 2024 operating and fin ...

Core Viewpoint - B&G Foods has launched the B&G® Pickleball Bag in collaboration with Made by Alex, targeting pickleball enthusiasts and blending pickle culture with high fashion [1][2][3] Product Details - The B&G® Pickleball Bag is made from Italian leather and features a chenille-branded patch, designed to hold two pickleball paddles and two balls, retailing at $250 [2][3] - The bag is manufactured in New York City, reflecting the brand's heritage and craftsmanship [2][3] Market Opportunity - The collaboration aims to capitalize on the rising popularity of pickleball, merging the interests of handbag, pickle, and pickleball fans [3] - The partnership signifies a trend where functional accessories integrate culinary and sport culture, appealing to diverse consumer demographics [3] Company Background - B&G Foods, based in Parsippany, New Jersey, has a portfolio of over 50 brands, including B&G, B&M, and Green Giant, focusing on high-quality, shelf-stable foods [5] - Made by Alex is a second-generation handbag manufacturer in New York City, known for artisan-quality production and sustainability efforts [6][7]

jewhyte/iStock Editorial via Getty Images Introduction Alexander & Baldwin (NYSE:ALEX) has underperformed the Vanguard Real Estate Index Fund ETF (VNQ) so far in 2024, as the shares are down in the low-double digits against a 5% decline in the benchmark ETF: ALEX vs VNQ in 2024 (Seeking Alpha) I think this has pushed the REIT to an undervalued level as the stock offers a high single-digit return potential with really modest leverage. In fact, leverage is so low you may consider it a negative in light of the ...

Group 1 - Alexander & Baldwin, Inc. (A&B) will participate in Nareit's REITweek: 2024 Investor Conference in New York, presenting an overview of its business and operations [1] - The presentation is scheduled for June 4, 2024, from 2:15 p.m. to 2:45 p.m. Eastern Time, with a webcast available for access and replay [1] - Investor materials for the conference can be found on the company's website [1] Group 2 - A&B is the only publicly-traded real estate investment trust focusing exclusively on Hawai'i commercial real estate and is the largest owner of grocery-anchored neighborhood shopping centers in the state [2] - The company owns, operates, and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 13 industrial assets, and four office properties, along with 142.0 acres of ground lease assets [2] - Over its 154-year history, A&B has played a leadership role in the development of various industries in Hawai'i, including agriculture, transportation, tourism, construction, residential, and commercial real estate [2]

mustafaU Written by Nick Ackerman. For some background on this monthly publication, here is my view on dividend growth stocks: Dividend growth stocks aren't always the most exciting investments out there. They often aren't grabbing the headlines, and they aren't the stocks running up hundreds of percentages in a year. In fact, they are often some of the least exciting stocks. And that is precisely their strongest selling point. With such a vast world of dividend growth stocks available out there, it is imp ...